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The HDFC Defence Fund focuses on companies operating in India's defense sector, includes 29 listed companies
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The final decisions on these matters will be eagerly anticipated when Finance Minister Nirmala Sitharaman presents the budget on July 23rd
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Leveraging these tax-saving avenues not only secures your finances but also aligns with smart financial planning practices.
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The government is also considering providing further relief through deductions in House Rent Allowance (HRA)
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The Department of Public Enterprises proposed linking salary increases to performance metrics such as asset monetization, project timelines, and profitability
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As per reports, the government is considering increasing the tax exemption limit to Rs 25,000.
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This union budget, there is a demand to reduce the tax burden and rather give more tax exemptions to those who take health insurance.
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If the NDA government increases the limit of the standard deduction in Union Budget 2024, it will increase the disposable income of salaried individuals, leading to an increase in spending. Increased spending will accelerate economic activities.
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The government is considering measures exceeding ₹50,000 crore in the upcoming budget to boost spending. This includes cuts in tax rates for low-income earners.
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To boost consumption, income tax rates could be reduced. The aim is to benefit lower income groups, whether salaried individuals or small business owners.
